Overview

• JERA has signed 20-year contracts to purchase up to 5.5 million metric tons per annum of U.S. LNG from Cheniere Marketing, Sempra Infrastructure, Commonwealth LNG and NextDecade starting around 2030.
• The agreements will raise the U.S. share of JERA’s LNG imports to nearly 30 percent by 2030, up from roughly 10 percent today.
• Flexible destination clauses in the contracts let JERA redirect shipments if its domestic demand falls.
• The shift away from Australia follows tightening gas supplies on the country’s east coast that have spurred Japanese buyers to diversify.
• JERA is also considering LNG offtake from a proposed Alaskan pipeline project to broaden its sourcing options.